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401  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not perfect, and that's okay. on: November 09, 2023, 12:27:09 PM
I don't see how the statements made by the OP will be considered flaws because that is the characteristic of bitcoin—the nature of bitcoin itself. In fact, that is the beauty of bitcoin: its unique technology and characteristics that give investors opportunities. Volatile? I don't see that as a flaw. Yes, maybe from its word, but in bitcoin, it means profit potential. If there's no movement in the market, then there's no profit.

I agree with all the OPs who stated that not all things are perfect, even bitcoin. Yes, it can be subject to crimes and wrong deeds, but that is not the fault of bitcoin; the ones to blame are the people who commit the crimes.

So no matter what, I will still believe and do bitcoin stuff as long as I gain profit from it. This technology still has a lot to discover and can be applied to other technologies and daily lives.

There are a lot of things that have actually flaws, even other alternative investment also involves flaws cause there's no such thing as pros without cons. Bitcoin's volatility is one of the reasons why it's not yet used as an everyday currency cause you wouldn't want to sell something valuable when Bitcoin's value is low. We were just taking advantage of its volatility by simply buying at low and then selling at its highest price. But yeah from the investor's perspective, it might not be considered a flaw since that is the reason for our profits cause volatility is actually normal.

We can't really blame Bitcoin for illegal things it has been involved in, it's just a simple tool in which you have the freedom to control your funds as well as have transactions globally by the use of digital currency which is Bitcoin. Due to its decentralization, most of the people are free to make use of it even for bad deeds. But these kind of issues we can still compare these to other things such as fiat which is also involved in this kind of thing, so there's no need to hate Bitcoin's "flaw" which is literally normal.
402  Bitcoin / Bitcoin Discussion / Re: Getting losses, Take a break and just focus on Bitcoin. on: November 08, 2023, 01:50:45 PM
Recently I was contacted by a trader friend, who told me that his trading position in futures was hit by Stop Loss. He played in altcoins, because Bitcoin has recently increased in value. My friend dared to take a long position in several altcoins with capital of $150, and after hitting a stop loss the remaining funds were $12.
I told him to stop and close the entire position he had just made. I want my friend to stop for a moment to calm his mind and emotions so as not to add to the existing losses.

And I suggest that if it starts again, it's best to just play Bitcoin and don't play with too many different types or play too many altcoins. I know that sometimes altcoins are able to provide greater profits than bitcoin when bitcoin experiences a 10 percent increase, but altcoins are also able to provide greater losses.

If you are having $150 to invest, first work on increasing the capital. You should do freelance work or find higher salary jobs to increase your revenue. Then, work with larger capital and then time given in all this investment will be worth it.

I think $150 is already huge to start trading as your capital, It is also good to start with that amount of money so you can gather experiences as well, cause imagine this you can't even make profits from your $150 so what would happen if you are trading with larger amounts right. It's not only about the capital as well, these days you could already call anyone who's investing in this industry short-term as a trader, but without sufficient knowledge and skills, it would be just a waste of money. But you are right, it's much better if you have extra funds when you are trading so if you learn from a current mistake, you can make a comeback. If you already know that you can't really profit from short-term investment or trading, just go to long-term and you can start with the DCA method.
403  Bitcoin / Bitcoin Discussion / Re: Bitcoin Investment, Beyond "Invest What You Can Afford to Lose" on: November 08, 2023, 07:55:14 AM
Well, the phrase "invest what you can afford to lose" would actually be applicable to people who are just starting to invest and as well to people who are not that financially stable as they need money to provide their essential needs, so they are not that ready to risk the funds they have cause it would go to straight to their needs. As they gather more experience in the crypto industry, they would also adapt that investing is much better than saving your money in banks, especially the spare amounts of money. That's the time the phrase "invest what you have" cause for the long time Bitcoin has existed, it doesn't really disappoint as it gives people a source of money and also avoids inflation. Because investment really involves risk, if you don't overcome the thought of losing money, then for sure you would stay in the phase of the average investor in this industry. IF you want to play safe long-term investment would be the best option until it reaches your target selling price.
404  Bitcoin / Bitcoin Discussion / Re: Wedding expenses and party celebrations with Bitcoin money. on: November 08, 2023, 03:44:44 AM
First of all, congratulations on your wedding OP, I'm happy for you that you've bet on investing in Bitcoin and managed to profit. $870 is actually already huge for me, so I really respect your investment journey cause it's really inspiring. This actually shows how good investment is in Bitcoin if you put patience with knowledge. Not only that you could avoid inflation affecting your funds but also provide enough money from your profits in the volatility of Bitcoin. I'm also surprised that $1200-$1400 can already provide all your needs for a wedding cause here in my country that won't be enough unless you get married at a civil wedding which is budget-friendly. But if we compare it to a wedding like yours OP, it would cost almost $80k-$100k cause everything is pricey here, and you have managed to have a party celebration as well. That's actually a good spend of Bitcoin profits, for sure everyone here is investing to have money to provide their needs and wants.
405  Economy / Economics / Re: Is academic pursues enough to get incomes? on: November 08, 2023, 01:51:00 AM
Of course, a degree is just a sign that we got a decent education. It surely doesn't guarantee anything, we can't automatically be successful in this life after we get a degree. To be a successful person with proper income, we must get good jobs. A degree can help us to get good jobs, but not every jobs can't be determined by a degree. There are some jobs that require applicative skills and proper experience, it doesn't care whether someone has reached a degree or not. Sometimes knowledge, skills, and experience become more important than having a degree. That's why we can't rely on a degree only to get a good job, we must ensure ourselves that we have sufficient knowledge, good skills, and enough experience.
Agree. A degree indicates that we have studied, because a degree does not guarantee someone's success. Because quite a few people already have degrees, the problem is not not having a job but rather the desire to work for a high wage. And sometimes, with their diplomas, they don't want to work and work for small wages, so it's not uncommon for many of those with degrees to become unemployed and have no income, instead they only have expenses.

A degree should not be used as a benchmark for where he wants to work, but he must be able to create his own business by relying on technological developments, because currently there are many opportunities for success. If you only rely on companies or the government, your degree will be in vain.

I think that's normal to be choosy when it comes to jobs because some companies give their employees lowballs or low salaries as they are not yet aware of that in the working industry, you can manage that once you get interviewed. Of course, if you are freshly graduated you need to gather experience first in the working industry, so desiring a highly paying job at your first job wouldn't sound good. Diplomas and degrees just show that you have studied for years for a certain course that is related to some job so if you applied for some company they would be aware of the knowledge you have so they would hire you. But yeah, once you are getting well paid, having alternate money sources by simply building a small business could get you to attain the financial freedom you are trying to achieve. For sure you wouldn't like to work your ass off for a very long time, much better to retire early to spend time with your family.
406  Economy / Economics / Re: "I saw my salary on a bottle of perfume today" on: November 08, 2023, 01:24:16 AM
You can literally see a lot of things that are pricey and similar to the bare minimum wage salary of an average person. The thing is if we compare the person who buys expensive perfumes to people who's worth their salary to the perfume, for sure they can afford it as they might have investments and savings because if they would rely on their salary as well, they might not buy luxurious products just to look good. That's how powerful financial freedom is, that's why it is much better to be disciplined and focused on investment and savings first because you will be the one who's gonna benefit in the end. If your salary is not enough for investment cause you would need to provide all your needs, I think alternate money sources would do good, as long as its legal cause we wouldn't tolerate illegal activities.
407  Economy / Economics / Re: New business idea. on: November 06, 2023, 05:19:55 PM
That is actually a good business idea as you focus on the demand for the product in your country, as I observed, it seems like you don't want to share it in your local board due to some people might take this idea and you would have a competition with others. In business having competitors could be beneficial for you as well, as long as you make quality and have a trademark where most people would prefer the product you make. Imagine you are the first one to make this and people would acknowledge you as the OG groundnut oil maker.

Building a business might sound easy from our plan and thinking, you would also need to consider the manpower, equipment, and the source of groundnut. Plus the fact that you need to be checked for quality control and the safeness of your business if it same to be consumed and the cleanliness of the environment and the permits. I think it would be better if you share this with your local board for your fellow citizen to have discussion as they might help you with your plan as well, cause I think its not applicable to some of the countries as they have enough supplies from the product that you are proposing, but it's actually a good business plan.
408  Bitcoin / Bitcoin Discussion / Re: What I did just to invest in Bitcoin. on: November 06, 2023, 05:02:11 PM
I wish you the best. What else can I say? You've already sold the land. LOL!

Although this may likely prove to be a good decision in the end as far as ROI is concerned, what you did could have caused you so much, even your life. That was wise as far as putting the money in Bitcoin was concerned, but that wasn't wise as far as selling what's not entirely yours is concerned. You could have been arrested for selling what also belongs to your relatives. Worse, you could have gotten yourself shot or your head chopped off because you're like stealing what also theirs.
Dang, so he stole it? Oh poor guy. Yeah, that was wrong even though he is saying that he used the money in BTC. But he can always sell the BTC or trade it again to a land. He only need to seek a land dealer that accept it as a payment method. I'm sure there are now lots of them, since BTC is not a new thing anymore.

BTC is more volatile than a real estate. I know it can increase more in the long run but it's going to be useless if he will just HODL it and not sell on time while a real estate investment on the other hand, such as land is the opposite of it. It's much stable so the ROI that we can get here is consistent. This is why many investors consider it even if compared to BTC.

Its still never be okay to stole your family's land just for your own decision. We know that investing in Bitcoin is good as it could secure your future, but the fact that your family already have a land then risk it to Bitcoin which requires a lot of time to reach it's highest peak just for you to buy a land again. Remember that selling in the current time would be cheaper, and in the long time when you buy a land or property it would be expensive cause its value is also increasing due to demand of properties. We already know the differences of investing to real estate and to Bitcoin, which in the other hand it involves volatility. I guess you really need huge capital into real estate to make it to investment and give passive income like rental. Good luck to OP, hope he can ROI in just short of time so his/her relationship with the family would be okay.
409  Bitcoin / Bitcoin Discussion / Re: Fund for Bitcoin promotion on: November 06, 2023, 03:53:54 PM
Is there some group which collects funds for Bitcoin promotion? If some group like this can create advertisements for Bitcoin, more people can become aware. Such mediums should be targeted which have reach on audience that is still not familiar with crypto.

I think there's none since its your own money that you would have to use to promote Bitcoin, so raising funds to promote Bitcoin doesn't sound convincing to other as they know that Bitcoin is already popular coin and widely spread. By being known independently, we could observe that Bitcoin has been already promoted lowkey by just simply mentioning the name "Bitcoin" as some would be curious. For example from movies, sometimes in the movie Bitcoin could be mentioned from doing illegal transactions (so far from movies I have watched) and some would explain it like from the Euphoria the series.

From that, it could already gather audience to be aware and acknowledge Bitcoin. Plus, in the internet you could already do a lot of things by just simply doing a video regarding Bitcoin, memes which is popular nowadays, and etc. And also you can spread the word individually like from your friends, which is very common way of promoting even from the past, which is orally passing information to everyone. Cause they would pass the information from one person to another.
410  Bitcoin / Bitcoin Discussion / Re: What I did just to invest in Bitcoin. on: November 06, 2023, 03:25:59 PM
I don't support you for selling your family land to invest in bitcoin. For want you have done, you two risk in the investment of bitcoin. The number one risk is your family because the angry ones can use diabolical means to kill you, so by selling the family is a serious risk you have taken. Then the last risk is bitcoin investment. Now that you sold the land to invest in bitcoin how long are you hodling the coins? You have to understand the precautions from the both side before taking a decision which will not affect you. Family land issue should be handled with care.

I exactly felt the same way, selling your family's land could might be a selfish thing to do as you decided to sell if without their willingly to sell it, plus the fact the Bitcoin investment is consider a huge risk to enter as well, so there's no guarantee it could pay back or it might take a long time before you reach your target price with Bitcoin. It's normal for your family to be mad, cause imagine all the sacrifices they have made just to own a property land because nowadays every land are now pricey and expensive as the time goes by. I think it would side with OP, if the case is he's all alone taking this kind of decision, but when it comes to family land, you would need to communicate each other and take everyone's approval, cause for sure every rejection have a reason that's why y'all need to be opened with each other.
411  Local / Pilipinas / Re: Tarot cards gamit pang predict ng market? on: November 05, 2023, 04:16:21 PM
Wala namang mawawala at hindi masama kung gagamit ka ng tarot cards para matulungan ka mag decide sa pag invest mo sa market eh, pero syempre alam mo sa sarili mo na walang kasiguraduhan sa hula, from the word itself na 'hula". Kasi nga yung iba nga gumagamit ng AI generated na mga prediction tsaka information para sa mga calls nila eh pero syemper di talaga accurate results niyan, AI na yan ha, yung madalas ginagamit sa mga sources. Pero sa impormasyon ni OP, pansin ko lang parang tarot cards ata from digital ginamit, which is parang nakaprogrammed lang siya tama ba? So possible na parang AI generated lang din yan kung ganyan, para ka lang nag flip the coin para mag decide. Kasi ang paniniwala ko sa hula sa hindi digital, parang may kasama na yang mga dasal, instict, pakiramdam at etc. na di magagaya ng hula from digital. Pero mas mainam parin talaga mag based on facts sa mga calls niyo sa market.
412  Bitcoin / Bitcoin Discussion / Re: Would you rather make your investments in FIAT or CRYPTO? on: November 05, 2023, 04:10:12 PM
Most of crypto is too fragile for long term investment — hacks, scams, volatility and also require individual ability to secure funds.

However, returns are greater in crypto, if one wants to make good amount of money in short time, crypto is the way but do your due diligence and stay away from shady part where scams lie.

Actually this can still be applied to banks (of course fake ones) except for the volatility. Since we were in the era of the internet and technology, some banks are open to digital banks where you can save and invest at home which is prone from hacking and scamming. Even a simple text from your phone where there's a link that once you click, it could gather all the data from your phone which can drained up your funds. Also I have seen some cases where fake banks are scamming uneducated people to financial and senior citizen by encouraging them to use their banks, but shortly they would just run with bags of money from the people. But yeah, crypto is much riskier since its decentralized, all of your moves and decisions might affect your funds unlike to centralized system wheren they can secure your funds safety.
413  Economy / Gambling discussion / Re: Will you leave gambling if your future wife/husband tells you to do this ? on: November 05, 2023, 03:58:15 PM
Of course good and bad habits can change a lot if one's life partner influences there. As everyone strives to lead a normal life, bad habits must be avoided. If gambling is a source of one's entertainment and the spouse is not bothered by gambling and the gambler does not allow the negative effects of gambling in the family then I do not think that gambling is bad for him. Since gambling is viewed in a negative light at every level, if I can manage my gambling under control, I will certainly not allow others to interfere with my pleaser. .
It still requires openness from each partner because we know that there are people who still hide their gambling activities from their partners and are still fine. His partner will not know that all this time, he is still gambling, and if he loses control and starts spending money on his family, that's where problems will arise and disrupt his family's finances. Perhaps this needs to be treated immediately so that it doesn't escalate and worsen his gambling addiction, so he really has to open up and tell his partner the truth so they can find a solution and make him stop gambling forever.

If you are committing to a relationship especially if the two partners are married, most likely you would have to adjust for both parties likes and dislikes, some would take time to know each other first by livign in the same roof, but if you love each other some would literally go straight to marriage. The day you married someone is the day you'll to change your bad habits that can impact to your partner or family, not only that the finances might affect from your gambling habits, imagine losing too much money in gambling and then when you got home you can't even control your emotions and starting acting cold, rude verbal words, violence and etc. I think if you can't even quit gambling for your wife or family, then I think you are not still ready to be committed in building a family because that's not a good example for your kids soon, if we compare it to alcohol addiction to gambling addiction it's like similar cause its still addiction. If opening up doesn't work at home, try to seek help in therapy.
414  Economy / Gambling discussion / Re: The madness of gambling addicts. on: November 05, 2023, 01:04:48 PM
It's hard to stop when you are already in the momentum either you are experiencing losing streak or you are in positive with good numbers of winning streaks, most of the time, instead of quitting your way you will push your way to play more, thinking that there's always more positive outcome that can happen or if you are losing chasing that money and trying to recover is also part of those big factors to lead you in becoming a gambling addicted person.

There are many side effects and it will be depends on different types of gamblers who failed to control and being dominated by gambling addiction.
Yes, that's right, when we have won, of course we will continue to place bets to be able to get even bigger wins and of course we will spend all the winnings we have so that nothing is left behind, including the capital we brought to place bets.

This happens because we cannot control ourselves in gambling, therefore it would be good for us to be able to control ourselves so that we don't get addicted to gambling because if we are addicted to gambling it will certainly have a bad impact on us, especially in terms of finances, we will spend more money on gambling rather than for our own needs.
There's no good intention in our life once a person became addicted to a gambling, No matter how many times we advice to them to have a self control in playing, they wouldn't listen because their mind focused to the other side, aiming to win and to get the grand prize. Sometimes even if they have no money, they will find a solution like lending a money or selling some of their personal things and properties just to get a money to sustain their addiction.
When someone is addicted to gambling, no matter how much you convince him, nothing will change. Because in his mind then only the matter of gambling will revolve. Gambling is a terrible thing from which it is very difficult to control oneself.  Gambling always makes a person greedy to get rich and because of that greed people can't control themselves and continue gambling with the greed of winning something bigger than gambling. Then a gambler acts like a madman for gambling

A gambler doesn't like advices from someone who doesn't even gambling cause they doesn't understand to stop the urge of gambling. Even from their love ones like their family, no matter how hard they try to convince them, they doesn't stop at all and would even say, "this is my life, and I have freedom to do gambling" things like that which is actually true, but we know that gambling doesn't even have a good impact to someone's health and as well their financial status. And I think we don't need to over hated someone who do gambling, sometimes they use it as their source of distraction and to relieve stress, which we know it's not good financially but due to it's fun, it can lessen stress. They just need to seek help especially to professional one like therapist.
415  Bitcoin / Bitcoin Discussion / Re: A milestone of introducing and initiating a friend to Bitcoin investments on: November 05, 2023, 11:19:20 AM
Looks like it ended up great for you, but we really need to be very careful when pitching bitcoin to other people. It could end up really great with them if bitcoin pumps — but man if bitcoin's price goes the other way, it could end up really different for your relationship.

This is a difficult one, sometimes people just want to make a profit. Not at a loss. A demo account might help practice, but not a real account. There will be another burden in every action we take.
So we should talk about losses at the beginning. This is to prevent a bad relationship after they feel wronged. But it is difficult, even I currently do not talk much about trading to friends because the risk is quite large. Because I once told a friend to join trading and in the end they gave up.

That's the common thing why people explore into this industry right, is to make profit or to make money. Which I think it could be bad cause you are counting profits and losses than learning from your past mistakes. If you are teaching someone into this industry you would really need not to be biased as you introduced Bitcoin with its pros and cons so they would be aware. That way they would know to themselves that its their responsibility that they choose to to take the path you are taking, which is involved risk, this way it could really prevent of bad relationship. You could teach the basics, we have demo account right? But never told and spoonfed them as they will rely all the things to you. And for sure once you have a bad call the blame would be pointing at you which is pretty toxic.
416  Bitcoin / Bitcoin Discussion / Re: Teaching Bitcoin is not do or die on: November 05, 2023, 10:29:15 AM
i agree totally with what you said, due to the recent re- occurring activities that has happened in the crypto space,  most people are afraid of investing their money in crypto currency, as i do tell people don't invest in something you don't understand, i always say study, learn, network with people that are doing well, pay for their class and learn, i don't force   anyone to learn BITCOIN, when they see proof in your, they'll beg you to teach them.
Many people are afraid to invest on bitcoin because it is new to them so they need proper orientation or education on bitcoin for them. Others are afraid because if scammers. Yes it is not by force but people want to learn and no more but no one to teach and show them the road. I have met several people and I explained bitcoin to and most of them complaining that nobody has told them what I explained to them and that is why they have not invested in it.

Bitcoin orientation or education is needed in the communities. Many people are out there to learn but non to teach them. So we should tell the important of bitcoin and the risk involved so that they will be aware. Like today I was tell a lady about bitcoin and she was interested to invest. She took my mobile number so that she can learn and invest in it.

I think that's just their reason, if they are really interested in bitcoin, really want to find solutions to improve their finances, they can learn everything themselves without anyone teaching them. Where did you learn about bitcoin and did anyone teach you in the early days? As for me, I research everything myself and learn from google, youtube and forums...no one teaches me, tells me about bitcoin or what I need to do...We are in an era where all information and knowledge can be easily found on the internet as long as we work hard. Don't give them a reason that just because no one taught them, they can't invest in bitcoin.

Well you are actually right, i also like the quote of "do your own research" because it's up to you and its your responsible for every decision you make, plus the fact that you could search everything in the internet nowadays. But we can't totally trust the internet nowadays now that Bitcoin existence for a long time, for sure there's a lot of false information, scams, hackers and etc. That you would have to face, even cents bad people won't hesitate to steal it from you. It's normal to feel scared in something you lack knowledge with, especially when it's money involved that we were talking about. They just need to find a reliable sources that they can trust or use, for example here in the forum, you could search existing thread from years that can still help these days. Still they need to do this on their own and experience it on their own, because it's up to their calls wether they profit or not.
417  Economy / Economics / Re: AI will put an end to work, says Elon Musk on: November 05, 2023, 04:19:27 AM
During an uncommon interview conducted by UK Prime Minister Rishi Sunak, the tech billionaire Elon Musk predicted that if AI is not regulated, there will be a time when no job will be needed. This means that AI tools would take over the entire work of men making paid jobs become reductant. He even claimed that humanoid robots might be a perfect friend for one of his sons who is having difficulty in having friends. I have always believed that regardless of how sophisticated these AI tools become, they will never replace humans. But hearing this prediction for an individual who has a full understanding of the AI sector is frightening. Elon Musk owns an AI company, xAI, that is competing with big AI firms like OpenAI, Google, and Anthropic.

These comments can increase the fear and anxiety workers always had that these super-computers will replace them in the future. What are your thoughts regarding the statement by Elon, do you think we should take him seriously?
Yeah, I agree with him, recently I did a post in my local thread about this do you think that AI is a threat to human beings? Elon Musk said many times that AI is far more dangerous for humans. We cannot neglect its ability and its advancement which are increasing day by day. In today's era, the whole universe is almost filled with robots everyone and every company wants to add robots in the field work which will engulf the jobs of humans if everyone wants to add then what will humans do? They have more knowledge having more techniques than humans but I am afraid of their negative side what if they are out of control, a person saying to me that the tech industry trying to put feelings in AI so that they will like humans and never do the wrong thing and my reply to him is ooh really if they act like human beings they are more dangerous they will kill humans to save their race etc etc

It must be admitted that AI is developing very quickly and it is likely that it will replace humans in some fields, especially manual, heavy jobs. But to say that it will completely replace humans in all fields is impossible. The world cannot exist with only machines and machines. Furthermore, I don't think the world will fall into a scenario like Marvell's fantasy films, that's quite far from us. It will not be possible for robots to have emotions and take over our planet. Humans are smarter than robots or anything else in this world, it is humans who create AI and robots, not them who create humans.
Exactly. Even how fast AI development, AI will never replace humans especially if the work needs manual intervention. AI was created and can function based on the inputted data, other than that, they won't function properly as AI does not have the ability due to the limited data it received. AI was created to complement human ability and intelligence, humans still needed for AI to function.



I think people have watched too many Marvel and DC movies and have exaggerated and somewhat paranoid ideas about what will happen. AI only works when we give it data and it is like a support tool, where we store data when we need to use it. It supports us, not created to replace us.

Furthermore, the world is developing, AI will eliminate some jobs but will also create some new jobs for us. What we need to do is adapt to those changes by improving our knowledge and skills, AI is not as scary as many people think.

Exactly, imagine the concept of AI from the movies like Iron Man which is from years ago, and how it tooks years to make something like Siri and Alexa which can assist you as well give you information. These are programmed to help people and give convenience to people, it only could be harmful if they programmed it like a villain to be harmful like leaking of private data, hacking and etc. But AI itself couldn't be independent on its own without the human, imagine if they get low battery who will charge them in the end? It's just simply on and off people are not that dumb for AI to take over the world. But it's really a threat to eliminating some jobs causing some people to lose their jobs like from what I have seen in some fast food, where robots are the one serving food.
418  Economy / Economics / Re: Biting more than i can chew. How can i do better? on: November 04, 2023, 10:40:42 PM
That's why we literally need to think of our future since everything is not permanent like for your source of income. It's good that you are managing your finances now cause your learned from your mistake, your own experience would help you to grow and be matured enough to handle things like financially by limiting yourself from your own desire and focus on investing for your future. Just take your time, some people took so long to recover from their losses as they trying to recover and finding a good start. There's actually nothing wrong with fulfilling your wants and desires which motivates us in life, just limit your money and always have emergency fund as well investment money, you can do DCA method cause you won't need to start with super huge capital.
419  Bitcoin / Bitcoin Discussion / Re: What is your one memory related to Bitcoin that you want to forget? on: November 04, 2023, 10:10:52 PM
I had one of the worst experiences. I have invested in one of the shitcoins called Pumapay on Bittrex. When I invested, the bitcoin price was approximately $17K, and I invested about 1.5 bitcoins. When the bear comes, my funds are gone. I wasn't about to sell at a loss, so I held it. Then, even after a long time, when again bull came, the shitcoin was still dump. Actually, the team scams investors. Eventually, I sold everything for $100. So it was the biggest scam, and I lost everything. This is the memory I want to forget about how I lost my bitcoin. After that, I was very careful about my investment. I don't like any shitcoin except Bitcoin right now. So far, I have found that Bitcoin is real; all others just pump and dump.

That is the downside of investing in altcoins or shtcoins if you don't have any idea about the background of the coin and the team before investing on it. There's actually some good altcoins that we know and it's actually good to invest as well, but they can't never be better with Bitcoin. There's actually nothing wrong with investing with altcoins as long as you know the coin, and also by just simply doing 70/30. 70 for the Bitcoin and 30 for the altcoins, that way you can still accumulate Bitcoin while risking some of your money.
420  Bitcoin / Bitcoin Discussion / Re: What are the odds of guessing someone's private key or seedphrase? on: November 04, 2023, 12:01:30 PM
It's literally impossible to guess something that 12 or 24 seed phrase that has actually different words and auto generated that anyone couldn't think about. Even they spent years, decades or until the person live to guess I think its impossible where the risk is at 0.0001 that most replied said. But in hacking and tracing someone's data that's the way they can access someone's personal account but guessing would literally impossible, maybe if you made your own seed phrase but there's nothing thing like that when it comes to seedphrase to ensure our security and safety.
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